News

Pivot Bio CEO: rising input costs continue to pressure farmers ahead of 2027 crop decisions

The CEO of Pivot Bio says the reality of volatile input costs continue to weigh on farmers.

Chris Abbott tells Brownfield it’s a different situation than previous years.

“When you had the Russia and Ukraine conflict, you had commodity grain price go up at the same time. So you got a little bit of insulation from those rising input costs. We haven’t seen that, right? Now you have cost going up, but you don’t really have revenue going up in the same way.”

Missouri farmer Tom Boedeker says the price of nitrogen and phosphorus will make a difference on the 2027 crop, and he’s considering cutting back.

“I think we can cut back a little bit, not much, but we might replace a little bit of nitrogen. Our corn really looks really good. We’ve been blessed with the moisture. We’ll just see what it does this year for us.”

Abbott says Pivot Bio recently lowered the price of its nitrogen-producing seed treatment products, offered rebates to customers who had already purchased them, and is allowing those farmers to lock in those prices through 2028.

Abbott and Boedeker spoke during Pivot Bio’s One Million Thanks Buddy Seat Tour in late July.

Hear Brownfield’s interview with Chris Abbott.

Hear Brownfield’s interview with Tom Boedeker.